NEW YORK (Reuters) - Socks rose at the open on Monday as China's vow to allow a flexible yuan invigorated optimism in the global recovery and raised the outlook for sales in the long term at U.S. multinationals.
The Dow Jones industrial average <.DJI> gained 120.09 points, or 1.15 percent, to 10,570.73. The Standard & Poor's 500 Index <.SPX> rose 12.49 points, or 1.12 percent, to 1,130.00. The Nasdaq Composite Index <.IXIC> added 27.34 points, or 1.18 percent, to 2,337.14.
The S&P 500 briefly rose above 1,130.29, the midpoint between its 2010 high- and low-points, seen as a key technical resistance.
